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    Chola Inv Finance shares up 0.34% as Nifty gains

    Synopsis

    A total of 92,031 shares changed hands on the counter till 01:35PM (IST).

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    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.34 per cent up in Thursday's trade at 01:35PM (IST). Around 92,031 shares changed hands on the counter.

    The counter opened at Rs 500.4 and touched an intraday high and low of Rs 500.4 and Rs 490.25, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 600.9 and a 52-week low of Rs 196.95.

    Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 40398.07 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 2479.8 crore for the quarter ended 31-Mar-2021, down 1.61 per cent from previous quarter's Rs 2520.48 crore and down 14.51 per cent from the year-ago quarter's Rs 2165.57 crore.

    The net profit for latest quarter stood at Rs 245.13 crore, up 477.46 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Jun-2021, DIIs held 17.93 per cent stake in the company, while foreign institutional investors held 22.14 per cent and the promoters 51.61 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 26.56 and a price-to-book ratio of 4.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC - Diversified industry.
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